MMBTtrader

GBPUSD near strong resistance zone and fall is expected

Short
FX:GBPUSD   British Pound / U.S. Dollar
all previous target reached :

and now we may expect some range or correction now here ,near this strong resistance that formed by trendline and looking for targets like :
Targets:
A. 1.3750(+95 pip )
B. 1.3700(+140 pip)

market has the power to break resistance here too and reaching new highs like 1.3915 as we mentioned on chart with green arrow so have stop loss for sure and trade carefully .

All important support and resistance for upcoming week mentioned on chart too.
DISCLAIMER:
1.trade carefully and have stop loss for sure
2.Past performance is not indicative of future results.


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Comments

unemployment rate excellent )
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1.42 next station
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as of now, it has broken trendline, still bullish or will turn bearish?
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Fontain YLt3333
@YLt3333, I am currently bearish, I feel a strong sell may occur now that its rejecting 1.40 price area, pretty strong weekly zone, so im expecting price to drop before it continues on its way up.
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Amazing charts as per usual bro!
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good analysis thanks. you are well done
Reply
Interesting setup. Thank you mate ;)
Reply
Excellent setup buddy, thanks. 🚀🚀
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